PrimeWest Health gains industry insight from specialized audit team

Our client’s need

PrimeWest Health is a managed care organization that was formed in 1998. The county-based health plan provides coverage to 30,000 residents in 13 rural counties. PrimeWest Health had been fairly satisfied with the outsourcing of its accounting function; however, executives and the Board of Directors felt there may be potential to improve the level of quality and service.

Baker Tilly solution

PrimeWest Health selected Baker Tilly to provide financial statement audit services. Several factors influenced their decision to switch to Baker Tilly:

  • Dedicated financial services team
  • Deep understanding of the insurance industry and related accounting standards
  • Experience working with outsourced accounting functions and actuarial firms
  • Strong focus on controls, testing, and operational improvements

Results achieved

The CFO has been pleased with their decision to work with Baker Tilly. The benefits PrimeWest Health has received include:

  • Insight and advice that is specific to the insurance industry
  • Promises made during the proposal process are being delivered upon
  • Information is proactively communicated and deadlines are consistently met
  • In the first year of the engagement, Baker Tilly worked with an external actuarial firm to help evaluate their reserves and provide opportunities for management to enhance their reserving process

“It’s extremely easy working with Baker Tilly and we are receiving a lot more value. The professionals we work with are interested in our success and provide the insight and expertise we need to help meet our goals.” 

 

John Klein
Chief Financial Officer
PrimeWest Health